Brilliance Auto to acquire assets via public tender

Brilliance China Automotive Holdings (HKEX: 1114) announced its indirect subsidiary's proposed purchase of assets through a public tender at the Shenyang United Assets And Equity Exchange. The Board states that the asset purchase will facilitate the recommencement of its manufacturing of automobiles and reduce costs. The base price for the assets is RMB54,405,050. As the Seller is a connected person through its subsidiaries' 29.99% interest in the company, the proposed transaction constitutes a connected transaction under the Listing Rules. The transaction is subject to reporting and announcement requirements but is exempt from independent shareholder approval. The public tender, announced on March 23, 2025, expires on April 22, 2025, and the company advises shareholders to exercise caution.